A Surety Bond is required. I called:

Southwest Surety & Insurance (702) 360-6662.

They charge:
- $50 for a $10,000 bond that covers 4 years.
- $70 for Errors and Omissions (E&O) insurance that covers 4 years.
They will mail us the forms that we'll send back to them. They'll send us back the bonds.
We take the bonds, along with our Notary Public application to the County Clerks office.

Clark County Recorder; (702) 455-4336; 500 S Grand Central Pkwy, Las Vegas, NV

They wll swear us in.
We then mail all documents, plus $35 to: 

Secretary State Dean Heller; 101 North Carson St #3; Carson City, NV 89701

We should be notaries in a week or so!!!
The next thing to do will be to form a Limited Liability Corporation (LLC)

- File application with Secretary of State (http://sos.state.nv.us/notary/notforms/index.htm)
- Obtain surety bond for $10,000 to the State of Nevada. Check the yellow pages (YP) under "bonds, surety")
Tell them the date you wish to start. That will be the effective date on your notary.
IT might be a good idea to also get "Errors and Omissions" insurance.
You must take an oath, either given by the County Clerk or another Notary.
- File the Oath and Bond at the County Clerks office. They'll give you a "Filing Notice"
- Mail the application, $35 check, and Filing Notice to the Secretary of State.
- The Secretary of State mails a Certificate of Appointment to the applicant.
- Pick up a Notary Stamp from a rubber stamp vender with your Certificate of Appointment. (YP - Rubber Stamps).
Additional info: (http://www.nationalnotary.org/howto/index.cfm?text=howtoState&state=Nevada)